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Government and Economics Unit 4 Flashcards | StudBud
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Government and Economics Unit 4
Government and Economics Unit 4
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1
What type of economic system do United Kingdom, Russia, and Germany have?
Mixed
Market
Traditional
Command
2
Which country in Europe is uses rivers to produce hydroelectric power?
Russia
United Kingdom
Ukraine
Germany
3
WHAT WAS THE ECONOMIC REASON FOR THE START OF THE EUROPEAN UNION?
To end all European trade embargoes
To introduce trade tariffs among its members.
To strengthen European trade quotas
To establish voluntary trade among members.
4
What is the name of Europe's currency?
Euro
Aussies
Pesos
Dollar
5
If Germany has a 99% literacy rate, what can be said about the economy?
Germany has a low gross domestic product.
Germany has a low standard of living.
The workforce has valuable human capital.
Germany's businesses have valuable capital goods.
6
How did selecting to use the Euro help the member-states of the European Union?
It stopped the fluctuation of currency values.
By eliminating the costs of currency exchange.
It allowed member-states to economically specialize.
It created a barrier
7
What type of economic system matches and autocratic government?
Traditional economy
Pure Market Economy
Pure Command Economy
Mixed economy
8
What industry does the United Kingdom specialize in?
mining
shipping
automobiles
banking
9
IN RUSSIA WHAT IS THE MOST POWERFUL NON-ELECTED POSITION IN THE GOVERNMENT?
The Legislature
The President
Queen
Prime Minister
10
Which country's economy depends mostly on state-owned business?
United Kingdom
United States
Russia
Germany
11
Which nation has the largest economy in the European Union?
Germany
France
Russia
United Kingdom
12
How does investing in capital goods help a countries GDP?
It improves the knowledge of workers.
It makes it easier to start a business.
It helps workers complete their jobs.
It improves the efficiency of workers.
13
Sara owning a flower shop is an example of which economic factor?
Natural Resources
Human Capital
Capital Goods
Entrepreneur
14
Which economic area contributes the
LEAST
to the United Kingdom's gross domestic product?
agriculture
banking
construction
manufacturing
15
WHAT TYPE OF GOVERNMENT WAS IN CONTROL WHEN JOSEPH STALIN WAS IN OFFICE?
Monarchy
Oligarchy
Democracy
Autocracy
16
High levels of entrepreneurship have what effect on a country’s economy?
It leads to a more dynamic and innovative economy.
It leads to low levels of capital investment.
It leads to a decline in employment levels.
It leads to a single-resource economy.
17
Which answer choice correctly compares or contrasts the roles of citizens in the British and German governments?
citizens vote for representatives in two houses and for Prime Minister
British vote for 1 house & prime minister & Germans vote for 2 houses
Citizens can vote for representatives in one house of their legislatures.
British citizens vote for one house and German citizens vote for two houses
18
German's can attend a university for free. What is the economic reason for their system of universal higher education?
A well-educated population generates a high gross domestic product.
Germany lacks a large industrial labor force.
German people do not like to work in the industrial sector.
The government wants to encourage people to get jobs in other countries.
19
The people of Russia directly elect which government position?
Member of the Council of Ministers
Prime Minister
Members of the Dumas
President
20
Why is it economically important for a country to maintain a 99% literacy rate?
Educated workers are often paid less, because employers do not train them.
It decreases the demand for capital goods.
Educated workers are more efficient, leading to a more productive workforce
They are paid less, because employers had to pay for training.
